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cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
jobs and the economy. >> brown: plus, we have our own debate on the differing approaches to taxes and deficit reduction. >> woodruff: then, we turn to the war in syria, as skirmishes spill over the border with turkey for a second day in a row. >> brown: we come back to last night's debate with two takes on how it was received. ray suarez talked to voters in the swing state of florida. >> i didn't hear what i need to about jobs. that is the number one interest of generally everyone in the united states. >> woodruff: and in our regular "daily download" segment, margaret warner explores how the face off played in social media. >> brown: and it hasn't happened in baseball in 45 years. we look at 'triple crown' winner miguel cabrera of the detroit tigers. that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program
is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* #
, taxes and the future of health care. nbc's steve handelsman has more. >> reporter: the pressure was on mitt romney who needed a turn around. president obama came into the debate ahead in every battleground state. with an estimated 60 million americans watching on tv, cable and the web, moderator jim leherer asked can you put more people to work? >> the answer is, yes, we can help. >> reporter: romney would cut taxes and regulations on small business. >> my priority is jobs, and so what i do is i bring down the tax rates. >> governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut. >> reporter: which the president claimed would help the rich at others' expense. >> the average middle class family with young children would pay $2,000 more. >> everything he said about my tax plan is not accurate. >> it is not possible to come up with enough tax cuts to avoid either raising the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security one agreement. >> neither the president nor i are propos
, taxes and the future of health care. nbc's tracie potts is in denver for us. she has a preview. good morning to you, tracie. >> reporter: lynn, good morning. the pressure was on for romney to perform, to back up his ideas with details, taking on the man that even republicans called one of the most skilled debaters in modern politics. the point of this debate was to make differences clear on lowering the debt. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cu
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
its fiscal kluck with soaring tax hikes for nearly every household in the country. >> it's a huge tax increase, much larger than we have seen. it's more than $500 billion for next year alone. >> upper-income taxpayers in the top 1% would see an average tax increase of more than $120,000. in the middle, they will be hit with about $2,000 more in taxes. most income taxpayers making less than $20,000 can expect to pay $400 more. >> the stroke of midnight december 31st, all of these will occur. will have a whole new tax world. higher taxes. warpers paycheck in january will be smaller. >> lawmakers not expected to do anything until after the election in november. >> is all or nothing? is there a chance they could survive partially? >> they still have to figure it out. there are some bush administration tax cuts all the way through the obama administration. what they're going to do is figure out they will renew some of them, let them expire. bottom line -- we will all feel the pain, it's just a question of how much. >> will be interesting to see if they discuss that in the debate might.
to explain what paul ryan could not, how he plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction and you could use your home mortgage deduction or others, health care deduction and fill that bucket, if you will, the $17,000 bucket that way and higher income people might have a lower number. >> at least the plan has a name. it's the bucket plan. mitt romney will cap deductions at $17,000 for all americans. is that good for the middle class? do the math. for rich americans, the cap, it just might be lower than that. he was very vague on that point as well. the big problem with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 trillion tax cut. that's according to the tax policy center. they figured it out. even when romney gives specifics he doesn't answer the questions. e we still don't know how he plans to pay for the tax cuts without hurting the middle class. paul ryan is sticking to his reason for not giving any specifics to chris wallace on
and in this country, taxed more. if you tax small business, they are not going to hire. i don't know how you don't figure out what mr. romney so eloquently said in that debate. talking about politics of the 1% or the 47%, conservatives want the best for all folks, and yes, we mean thewe don't want them trapped in poverty. we want them married, paying their taxes -- host: we will get katrina vanden heuvel's response. guest: yeah. listen, if marriage will promote the well-being of the couple, children, great. but in my mind, it is and not just that. that is too simplistic. it is part of the equation. without good jobs, without ensuring that workers have rights and a time -- at the time when big business is so powerful, without doing small things that happened around this country but have taken too much effort, giving women, families early child care, the sense of a community coming together to lift up families, marriages not sufficient. to reduce it to that is too simplistic. no one is saying marriage isn't important. it is not the only a factor in building a family that is doing well. the fact th
repeat what i said. i'm not in favor of a $5 trillion tax cut. my plan is not to add to the deficit. >> romney proposed making the bush tax cuts permanent for all levels. he would repeal the alternative minimum tax and the estate tax. the snon-partisan tax said it would cost $4.8 trillion over ten years. romney said his plan would be paid for. to pay for the cuts, he would have to close loopholes in the tax codes and get red of deductions and credits. he hasn't said which he'd get rid of, saying he would work with congress. president obama said his plan would cut the deficit by $4 trillion. >> we all know we have to do more. so, i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> that comes from the budget and policy priorities. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year. he's counting $1 trillion in savings but cutting down the wars in iraq and afghanistan. the committee for responsible budget called
that's exactly what mitt romney wants to do... ...to pay for a $250,000 tax break for multi-millionaires. if mitt romney wins, the middle class loses. priorities usa action is responsible for the content of this advertising. according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. . >>> the nationwide meningitis outbreak is growing. maryland officials identified two more people infected after receiving a inject, bringing the total now to 5. the death toll from the outbreak is up to 8 and health officials report 105 confirmed cases in 9 states. fox's mary ann rapheerty has the latest. >> we're investigating an unusual outbreak of meningitis. >> reporter: more than 17,000 vials about have been shied out to 120 f
trying to raise taxes on virginians, maybe there wouldn't have been over 100,000 jobs lost in virginia. >> recent polls show tim kaine leading george allen by more than four points. >>> if it sounds like a bad idea, then it probably is especially when you think about getting into the ring during a bull fight. >> coming up next the frightening scene that left many people -- >> why, people, why? barack obama and the liberals s $4,000. >> we're checking on that coming up next. the same organization says the plan from mitt romney and common sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yourself at american.com. obama and his liberal allies? we can't afford four more years. i'm mitt romney and i approve this message. [ knocking ] oh, no, i got to go. oh, can you make that to go? these days, nobody has time to get sick. but minuteclinic makes it easy to get well. our nurse practitioners can diagnose and write prescriptions for everything from strep throat to sinus infections with no appointment necessary, so you can feel better in n
. they should pay taxes. then we should have some kind of clear pathway. it does not mean the front of the line. we can make whatever requirements we want. but we cannot continue to stick our head in the sand. this is too important, too important for our state. if we do not do anything, we will have the same discussion. >> mr. cruz, do you support a path to citizenship for the 1.6 texas? >> i do not. and let me say more broadly, i think there is a very clear divide. as i said before, i commend mr. sadler for running as an unapologetic liberal. illegals. i do not. he supports obamacare. i do not. mr. sadler has opposed second amendment rights. i fight for second amendment rights. >> what does that have to do with? he is going off on -- >> mr. sadler has championed on income tax and the state of texas. i oppose that. there is a sharp difference. that is good, becauseit gives texans a clear choice between what is right -- the right direction. >> so what would you do for the illegal immigrants here? do you see that as a problem? >> the texas home-building and restaurant industries are sensitive to
to the middle saying lowering the tax rates for wealthy americans would not lower the amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his positions. >> we are not going to get rid of all regulation. yo
the country lowering the tax rates for wealth any americans would not lower the amount of taxes they pay. >> my view is we ought to provide tax relief to people in the middle class. i'm not going to reduce share of taxes paid by high income people. >> reporter: romney said he would close tax loopholes and limit reductions to the rich. >> the president: it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdenning the middle class, it is math, -- arithmetic. >> i like the way we did it in massachusetts. >> reporter: romney said he would repeople obama care but not all the parts people like. >> number one, preexisting conditions are covered under my plan. young people are able to stay on their family plan. >> the president: what your plan does is duplicate what already law. >> reporter: the president's responses did not pin romney to what he said during the prime reese and he was able to reframe his positions. >> you have to have regulation there's some parts of dodd-frank that make sense. >> re
to america and other points. one of the issues was tax cuts, specifically cuts for high-income americans. >> i will not reduce the share paid by high-income individuals. i know that you and your running mate keep saying that, but it's not just not the case. i've got five boys. i'm used to people saying something that's not true and hoping i'll believe it. but that is not the case. >> for 18 months, he's been running on this tax plan. and now five weeks before the election, he's saying that his big, bold idea is never mind! and the fact is if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. >> according to a poll by cnn, 67% of americans believe that mitt romney won the first debate. that's compared to 25% who think president obama won. this poll from cnn only asked 430 registered voters. kron4 asked people over facebook. 59 those responding said president obama won, 29% said mitt romney won. 6% believ
unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >> the first of three presidential debates is now in the book. we have got the word that on the national level, most polls indicate this race is a dead heat. among the popular vote in many of the swing states, it has tightened up considerably. in florida, it is a statistical dead heat. in the state of ohio, which nn republican has never won an not won the white house, the lead is in president obama's favo . >>> good evening, everyone. i'm frag somerville. >> julie maener. much of the discussion focus on the economy and jobs. >> as you said, the focus clearly on the economy from jobs to taxes to the deficit. mitt romney went on the attack early among other things on what he planned to cut. >> obama care is on my list, apologize mr. president. >> i like -- >>
in the inner city and paul ryan said bringing opportunity. >>> and you can do that with cutting taxes with a big tax cut. >> paul ryan said those are your word and not mine thampts kind of strange are you trying to stuff words in people's mouths. this was a local affiliate out of flint, michigan. an important state. >> brian: especially the polls are closing to within three. and it is interesting that paul ryan is out giving interviews and vice-president biden is in a six day -- c>> steve: no kidding. good for paul ryan stick to the press. the guy had something in mind. and it is the thing that newt gingrich did and was effective. maybe joe biden should be looking for that paul ryan. >> gretchen: the mitt romney declaring war on the president obama. >> how does romney's plan stack up. veteran of the wars. coming up next. >> brian: you never saw a full fight quite like this one. >> steve: oh, my goodness. you are right. and then you never saw a bull fight like that one. we'll watch it over and over again. weight watchers online was so easy you look up a food, you eat the food, you trac
including taxes, medicare and the biggie, jobs. with live team coverage of the debate and how it's being received we begin with steve handelsman in denver. >> reporter: jessica, thanks. here in denver tonight, mitt romney knew he had to bring his a-game. most of those who watched figured that's what he did. the pressure was on mitt romney who needed a turnaround tonight. president obama came into the debate ahead in every battleground state. with an estimated 60 million americans watching on tv, cable and the web, moderator tjim hehrer asked, can you put more people to work. >> he would cut regulations and taxes on small businesses. >> my priority is jobs. so what i do is i bring down the tax rates. >> governor romney's proposal that he has been promoting for 18 months calls for a $5 trillion tax cut. >> reporter: which the president claimed would help the rich at others 'expense. >> the average mittedle class family would pay about $2,000 more. >> everything he just said about my tax plan is inaccurate. >> it's not possible to coming up with enough deductions and loopholes that only aff
at the location. they're pointing to additional funding received from overdue taxes from the 2011 grand prix. officials at house and are recommending they cut the soccer and baseball teams from the athletic program citing financial problems. they have issued a recommendation to the school's president on reif figuring -- refiguring. they would reinstate tennis. all in all, it could save them $800,000. a final decision could come in mid november. >> one in 10 people have symptoms of dyslexia. that means they suffer with the written and spoken language. >> this month, an increased effort to educate the young republic about dyslexia. tim tooten joined us in the studio with more. >> it turns out the international dyslexia association in baltimore is doing their part to get the word out, especially to parents. >> is a further apart than together? >> their mission is to educate talented and bright students struggling with dyslexia or other language-based learning differences. >> when i got here, i was not good at reading or writing. >> now? >> i amazing. i can , papers. i loved to read. games,"w i'
am not in favor of $5 trillion tax cut. >> according to an independent nonpartisan study, barack obama and the liberals will raise taxes on middle-class. >> the chairman of that independent group is from the's former company. dick cheney is on its board. newt gingrich was there as well. it's not independence, it's just not true. host: what is your reaction? guest: well, every single day the campaigns are releasing dance like that. they almost fit the topic of the day. if the other candidate has made an error, they will be on the air in ohio? within 24 hours exploiting that error. this goes back to when we talk about the impact they have. does an individual act like that -- ad like that have an impact? probably not, but there's an overall message, independents begin to form opinions about candidates. i think obama campaign advertised really heavily on ohio television through the summer and there were quite successful in getting out ahead of mitt romney in this state and defining him. rob portman could bid on the ticket. he was not. -- rob portman could have been. on been. presiden
in criticizing the president's policies and defending his own proposals. >> he has been running on this tax plan for 18 months. now, five weeks before the election, he is saying that his big, bold idea is never mind. >> reporter: romney pushed back. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class families are going to benefit too much from them? >> reporter: often pulled his punches and never mentioned lines of attack that have been effective in his ads, like romney's
for a five trillion dollars tax cut on top of the extention for borscht era tax cuts and additional military spending--torched of the bush era tax cuts. and how we have dealt with that without doubling those on middle-class americans. that is one central question. >> i do not have a five trillion dollar tax cut. and i have a view that we need to provide tax relief for the people in the middle class. but i do not want to reduce the share from high income people they are doing just fine. weather you are president or a i am but the people that are having difficulty. ... there will be more presidential debates. this will be a town hall format for the next one and for members of the audience. and there is one for the vice-presidential candidates. >>pam: kron 4 team coverage continues. and the watching parties were all over the bay area. we will take you to want. reggie kumar is at the temple and nightclub. >> hundreds stood and line at the temple nightclub. watching mitt romney against president obama. it was on four different part television screens and a standing room only for people that were
. mitt romney ran to the middle saying lowering the tax rates for wealthy americans would not lower the amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his positions. >> we are not going to
principle is there will be no tax cut that adds to the deficit. >> it is not possible to come up with enough deductions and loop loopholes that only effect high income individuals to either avoid raising the deficit or burdennening the middle class. it's math. >> according to a nationwide poll last night 2/3 of people who watched the debate think romney won the showdown. the vice presidential candidates are scheduled to square off next week in kentucky. >>> the oakland athletics with one of the most amazing wins in franchise history after rallying from a 5-1 deficit. they beat texas 12-5 sweeping the series in front of a sold-out crowd. and they win the degrees -- division on the last game of the season. they are now the only team in major league baseball history to come back from five games down with fewer than 10 games to play. one of our solo reporters is at the coliseum. jackie with more. >> reporter: do you think they would do it any other way? 13 games back on june 30th. four runs down yesterday in the fourth and they came back both times to win the american league west. the most imp
: doug is undecided. i'd like to see some details both from romney and obama mainly on tax policy. >> reporter: vice president biden charged team romney would hike middle class tax. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: the republicans jumped on that. buried by obama? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> reporter: that's the kind of zinger sure to be heard at debate number one. i'm steve handelsman, nbc news, denver, colorado. >>> and of course tonight nbc is going to have complete coverage of this first presidential debate anchored by brian williams along the best political team in the business. it all starts at 9:00 p.m. eastern, 6:00 p.m. pacific. >>> elsewhere, a judge in pennsylvania has blocked the state's stricter voter i.d. law from taking effect this november. after weeks of protests, the ruling means that voters in
months calls for a $5 trillion tax cut flip' not lookior $5rillion tax cut. i said i won't p in place a tax cut that adds to the deficit. >> the other big story tonight the great debate. president obama and governor romney fight over taxes and the economy. good evening. i'm dan ashley. let's get the latest on this tonight from abc 7 news political reporter mark matthews. it was an interesting exchange. >> it was clear right from the start that mitt mitt romney sae debate as a chance to shake up the race and came out aggressive and prepared and put the president on the defensive for much of the 90 minutes. >> president obama and mitt romney went head to head. the candidates boiled down their economic arguments. >> governor romney has a perspective that says if we cut taxes skewed towards the wealthy and roll back regulations that we will be better off. i have got a different view. >> the president has a view very similar to the view he d when ran four years guy. if you will, trickle down government would work. that is not the right answer for america. >> romney's comments about the 47%
in on jobs, taxes, and healthcare. good evening, everyone, i'm frank somerville. >> i'm julie haener. the initial reaction is, no big gaffes and no knockout in the first face-to-face. observers say mitt romney did what he needed to do, while the president seemed more low-key. we have coverage at the university of denver, where that debate was held. maureen naylor is in san jose, and amber lee is in walnut creek. we're going to begin right now with eric rasmussen. >> reporter: both president obama and mitt romney focused on their plans for the economy, and even had a lengthy debate about keeping obamacare. >> reporter: while the first debate started with a friendly greeting, even a mention of the president's 20th wedding anniversary, mitt romney came out swinging on the economy. >> the president has a view very similar to the view he had when he ran four years ago. that a bigger government, spending more, taxing more, regulating more. >> are we going to double down on the policies that got us into this mess, or do we embrace a new economic patriotism. >> reporter: romney often looked
. $200 million. >> i tell myself, it's 50% tax. don't feel bad. if you don't win the lottery. >> i will take the $100 million. make it work for a couple months. >>> later on in the half hour, the diva drama on "american idol" still spinning out of control. nicki minaj versus mariah carey. and our own barbara walters has a huge scoop about a threat involving a gun. yeah, things got that serious. that's coming up in "the skinny". stay tuned. >>> first, a major admission from mitt romney, the candidate now saying the remarks he made about the 47% were completely wrong. >> the reversal as romney tries to capitalize on his winning debate performance earlier this week. it is a critical time now with just over a month until election day. abc's t.j. winick covering the campaign for us. good morning, t.j. >> reporter: good morning, rob and reena. mitt romney rose to the occasion by all accounts on wednesday night, and now he looks to continue the momentum. seen by many political analysts and average voters as the winner, political challenger, mitt romney echoed his performance. >> he will r
ernst how they can justify raising taxes in the middle class and how it has been buried the last four years. how in lord's name can they justify raising our taxes with these tax cuts? >> all right. here's how paul ryan responded. >> i thought he was taking my speech. you know what? we agreed these are being buried by obama care and spending regulations and all things plaguing a business. the way to stop this is to stop this. >> the middle class has been buried for four years. who is to blame? >> that little exchange we saw encapsulates the challenge for president barack obama tonight. he has to defend his record, he's got to take credit for the good things that have happened. i do think the country is headed in the right direction as i think most americans do, but i think he has to acknowledge how the experience is of real americans enough. not only on economic issues but he's not changing the tone in washington, which he's set out to do. i think the president also has to say what to do differently in the next four years. each of these men have to make a case of themselves and articul
. a washington think tank says if congress can't reach agreement on extending those tax cuts, then nine out of ten, that's 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is called the so-called fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust. >>> american express is agreeing to refund $85 million to about 250,000 credit card customers and pay about $27.5 in fines. federal agencies say the company charged improper late fees and deceived credit card customers about old debts and new services. >>> there is a major recall from honda this morning. it affects 600,000 accords with v6 engines from 2003 to 2007 years. the hose for power steering might come loose and leak flu
into both his tax reform proposal and plans for the middle class. yesterday, he finally offered up an idea saying in order to pay for his reform each taxpayer would have a limit on how much they could deduct. the number he threw out was $17,000 and compared that to a bucket saying you can take whatever deductions you want but once you hit $17,000 that's it. we heard his plan for undocumented immigrants. he would not revoke the temporary limitations adopted by the president but if elected there would be no more protections. we're coming back after the break. >> i wouldn't be where i am today if it wasn't for capella university. i go to work every day and know that i make a difference. when patients leave this office they have hope in their eyes. it make me feel like i'm really doing what i was meant to do. they have given me the tools that i need to be the best "me" that i can be. [ ♪ theme ♪ ] >> announcer: broadcasting across the nation on your radio and on current tv, this is the "bill press show." >> bill: karl rove accuses >> good morning. i'm jamal simmons in for bil
-class taxes and stimulate the economy." >>> meantime republican presidential candidate mitt romney campaigned today in florida. romney says the president's policies would "kill the american dream," and the way to ensure a brighter future is cut government spending. behind the scenes campaign workers worked towards the goal of contacting 2 million voters by phone in florida as well as other swing states. >> a republican congressman from georgia is making national headlines today. after comments he made about his religious beliefs were posted on a church website. >> evolution big bang theory, all of that is lies, straight from hell. >> representative paul broun made those comments at a baptist church in georgia. the church has since removed the video, but the bridge project, the political watchdog group reposted the video. broun is a medical doctor and said cites on the house committee of space and technology. he is running for re-election, unopposeed. >>> volunteers from the yes on proposition 30 campaign gathered this morning in front of mcclymonds high school. the measure is backed by gov
have chopped away funds for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ [ male announcer ] the all-new lexus es 350. most paints have color that sits on the surface. but nothing beats benjamin moore's color lock technology that locks color right in, no matter how often you wash it. color lock technology. exclusively from your benjamin moore retailer. find your perfect color with a buy one, get one pint offer. visit benjaminmoore.com/promo. >> a pretty rough day for the sports. >> we can start off with the giants. made their way to the playoffs however, this is dusty that made a third difficulty road
running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> okay. that was good but it's a little bit like sending an e-mail to your opponent in a game of dozens a day after. everyone has left the playground. you have to get in your licks while there are more than 70 million viewers watching. it was frustrating to see president obama miss repeated opportunities to correct factual inaccuracies spouted by romney. president obama, for example, did not add almost as much to the federal debt as all the prior presidents combined. and when mr. romney suggested that half of the green energy companies given stimulus funds had failed, that's only true in 3 is half of about 30. there was that sense also, that the president just didn't really want to be there. it was hard to get a fierce sense of urgency from the president on wednesday night. yes, it did look bad. all the rope-a-dope wednesday morning metaphors couldn't have changed how bad it looked. there is one thing you could
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